Existing-home sales plummet 15.3% in May New Homes Sales For June Plummet – Please see my last article on existing home sales for the problems with using SAAR for a monthly-based report. This 406k was not only a steep decline from May and June 2013, it was 14.5% below the.
· Mortgage Rates Keep On Climbing. Rates on one-year adjustable rate mortgages rose to 5.82 percent, up from 5.75 percent last week and the highest level in more than five years. Rates on five-year adjustable-rate mortgages climbed to 6.39 percent, up from 6.32 percent last week.
House Prices Continue To Climb By Michael Neal on September 25, 2013 (). house prices continued to rise in July, contributing to the overall recovery in the housing market. According to the most recent release by the Federal Housing Finance Agency, U.S. house prices rose by 1.0% on a month-over-month seasonally adjusted basis in July.
Mortgage rates held at a 1 year low last week. There’s plenty of action in the week ahead to provide further direction. U.S Mortgages – Mortgage Rates Hold as Applications Continue to Climb
· fixed mortgage rates climbed higher for the fifth consecutive week on concerns the Federal Reserve may slow its bond purchases amid a strengthening economy. This marks the first time the average 15-year fixed-rate mortgage has gone above 3.
Monday Morning Cup of Coffee: New capital for negative equity Bad Mondays How to ruin your week part 1: On a quiet Sunday morning you are sitting on your back porch scrolling through your news feed and drinking a cup of coffee. Then it happens. You see an announcement from one of your competitors about a deal they recently closed.
In the FHFA’s estimate, the use of the UMBS will cut back $400 million to $600 million per year. In addition, merging the securities will increase the amount traded in a day.
· Fixed interest rates on three to five-year loans don’t follow the prime rate, Libor, or the fed funds rate. Instead, they are about 2.5 percent higher.
Home prices in Colorado Springs continue to climb COLORADO SPRINGS, Colo. – Nearly every month in the past five years, the prices of homes in Colorado Springs have increased. Plaza Home Mortgage rolls out new high-balance mortgage program The FHFA is seeking more than $1 billion. If the banks have to pay damages, they would receive the.
Home prices fall, but inventory levels improve New homes sales tumble 11.4% in March New home sales plummet more than 11% in April – Sales of new single-family homes in April came in at a seasonally adjusted rate of 569,000 sales, a decrease of 11.4% from last month’s 642,000 sales. up from 5.4 months in March. While falling.FHA continues to lean on Treasury 10 million more mortgages set to default, expert says Obama Scorecard warns economy remains fragile She said recovery from the 2007-2009 global financial crisis "remains too slow, too fragile and risks to its durability are. the positive effects on global confidence – and the global economy -.Freddie mac outlook: housing activity remains stale SEC passes CEO Pay Ratio Rule on 3-2 partisan vote Obama administration extends Making Home Affordable Program until 2015 a grass-roots program that focuses on mobilizing black millennials and churches. Both before and after the election, I checked in with DeJuana Thompson, 34, the strategist behind Woke Vote and an.A hotly-divided Board of the U.S. Securities. compensation data allowing for a comparison of their Chief Executive Officer’s pay to the median pay of their rank-and-file employees. The release of.Of those metros that continue to improve to a more stable range of housing activity, Freddie Mac says "most are benefiting from the energy boom taking place along the country’s mid-section."Mortgage insurance, which protects lenders against loans that default, is required on all FHA loans and on conventional loans with down payments less than 20%. VA loans have a funding fee, which.HUD & Treasury to help foreclosure market? In 2009, foreclosure rates shattered records a the number of homes that received foreclosure notices hit 2.8 million, up 21% from 2008 and up 120% from.NEW YORK, June 21, 2018 /PRNewswire/ — Home prices and. year-over-year increase on StreetEasy record [ii] . Brooklyn and Queens saw similar surges, with inventory up 23.4 percent and 42.8 percent,
The credit union national association pressed the FHFA for information on how the capital requirements would impact the primary mortgage market, citing a study that estimated that a 1% increase in capital minimums at a financial institution could trigger a five to 10 basis-point increase in lending rates.
Massachusetts foreclosure activity rises in November Massachusetts’ Non-Judicial Foreclosure Process What does it mean to be a non-judicial foreclosure state? It means that borrowers do not get a day in court in front of a judge before they are foreclosed upon. It means that Massachusetts built its legal process on a strict honor code. Since foreclosing
Mortgage Rates Climb in April By Michael Neal on May 3, 2018 (). According to the Federal housing finance agency (fhfa), mortgage rates continue to rise and this is confirmed by data from Freddie Mac. The short end of the yield curve, which is most sensitive to monetary policy, has been the primary force behind the increase in mortgage rates.